According to TechFlow, on July 17, TechCrunch reported that Marc Andreessen and Ben Horowitz, co-founders of the well-known Silicon Valley venture capital firm Andreessen Horowitz (a16z), explained in detail in the latest podcast why they support Trump in the 2024 presidential election.
Andreessen said that although he has been a Democratic supporter in the past, he believes that Trump's policies are more favorable to technology and startups. The two founders pointed out that the Biden administration's excessive regulation and plans to tax unrealized capital gains will seriously hinder innovation. In contrast, Trump's policies are conducive to the development of the technology industry, including support for artificial intelligence and cryptocurrency.
In addition, Andreessen mentioned that Trump said at a recent dinner that although artificial intelligence is very scary, the United States must win in this field, otherwise China will win the competition. The Biden administration plans to "over-regulate" artificial intelligence, which will put the United States at a disadvantage in global competition.
Andreessen also mentioned that Trump’s regulatory plan for cryptocurrencies is “fully supportive,” while the Biden administration’s plan may be detrimental to the development of the industry. These factors prompted Andreessen and Horowitz to decide to support Trump in this election.
